At the moment the CEO's of many multinational companies are announcing redundancies for huge numbers of workers to appease the shareholders to maintain dividends. Well if there is only a marginal reduction in productions the CEO's should be fired too with no package as well, as they are the ones that let the business become bloated and inefficient. A telecommunications company i no longer use sacked 10 managers in one department i know of, only to have to hire 9 of them back once they had become private consultants at a much greater fee. Every time the CEO's stuff up their answer is to announce job cuts which just adds to the lack of confidence and generally is just a ploy to disguise the fact they have not been doing a good job. Most of the lay offs end up being disgruntled employees of the poor management and retirees that were going anyway. These are the same management that piled on the highly leveraged huge debt burdens in the name of expansion ,instead of natural organic growth. It is not rocket science but just lemming mentality.
At the moment the CEO's of many multinational companies are announcing redundancies for huge numbers of workers to appease the shareholders to maintain dividends. Well if there is only a marginal reduction in productions the CEO's should be fired too with no package as well, as they are the ones that let the business become bloated and inefficient. A telecommunications company i no longer use sacked 10 managers in one department i know of, only to have to hire 9 of them back once they had become private consultants at a much greater fee. Every time the CEO's stuff up their answer is to announce job cuts which just adds to the lack of confidence and generally is just a ploy to disguise the fact they have not been doing a good job. Most of the lay offs end up being disgruntled employees of the poor management and retirees that were going anyway. These are the same management that piled on the highly leveraged huge debt burdens in the name of expansion ,instead of natural organic growth. It is not rocket science but just lemming mentality.
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